Dry Van Rates Continue to Climb

Summer Shipping Demand Lifts Truckload Market Spot rates sustainably up 4% over 2023 The truckload market has started the summer shipping season with a strong surge, marked by a 7.1% increase in outbound tender volumes from May 26 to June 3. This surge has helped sustain elevated spot rates beyond the Memorial Day holiday period. Despite […]

Transpacific Container Costs are Climbing

Transpacific Container Costs are on Course for $10,000 The cost of shipping containers from Asia has dramatically increased, reaching up to $10,000 for urgent full-size containers, driven by rising demand and persistent attacks on vessels in the Red Sea. CMA CGM SA, based in Marseille, France, and the world’s third-largest carrier, has set rates of […]

Hyper-Hurricane Season

Texas Ports Prepare for Active Hurricane Season Amid Forecast of Up to 25 Named Storms This year’s hurricane season is expected to be more active, with up to 25 named storms. AccuWeather’s Lead Hurricane Forecaster, Alex DaSilva, predicts 20 to 25 storms, with eight to 12 becoming hurricanes. Texas, now at higher risk, had below-average […]

Freight Market Stabilization

Echo Global Logistics CEO: Freight Market Stabilization on the Horizon Doug Waggoner, CEO of Echo Global Logistics, believes the freight market has bottomed out and could stabilize by the end of the year. Echo Global Logistics, founded in 2005, provides technology-enabled supply chain management services. Waggoner, CEO since 2006, highlighted the declining number of trucks […]

Weighing the Costs of Going Green

The Impact of Converting to Electric Vehicle Freight Trucks on Operating Costs In a recent study, logistics firm Ryder examined the economic impact of converting a fleet from internal combustion engine (ICE) trucks to electric vehicle (EV) freight trucks. This comprehensive analysis of 13,000 trucks of varying sizes revealed significant increases in operating costs associated […]

The Growing Case for Nearshoring

The Growing Case for Nearshoring In response to the permanent shifts induced by the global pandemic, “The Logistix Company” (TLC) advocates for nearshoring as a cornerstone for building resilient and sustainable supply chains. The trade between the U.S. and Mexico, which has tripled since 2004, reaching $799 billion in 2023, underscores the growing reliance on […]

Ports Report Substantial Quarter

Ports Continue to Report Higher than Expected Volume March 2024 saw the Port of Los Angeles process an impressive 743,417 total TEUs, a 19% increase from the previous year and the eighth consecutive month of growth. Executive Director Gene Seroka anticipates that this momentum will continue into the second quarter, driven by a strong job […]

Supply Chain Streamlining

Navigating Cost Reduction in Supply Chains Without Stifling Growth Cutting costs in supply chains is a top priority for businesses in 2024, but achieving these reductions without affecting long-term growth remains a significant challenge. According to a recent report by Boston Consulting Group, a staggering 83% of global executives failed to meet their initial targets […]

Imports Increase In Spite of Issues

Imports Increase In Spite of Issues March showcased a robust performance in U.S. container import volumes, climbing by 0.4% from February and marking a 15% increase year-over-year, according to Descartes’ monthly report. The report attributes these gains partly to the delayed timing of this year’s Lunar New Year, which led to a significant surge in […]

Container Storage Cost Contention

The Ripple Effects of a Critical Infrastructure Collapse The collapse of the Francis Scott Key Bridge on March 26 has thrown a wrench into the logistics operations on the U.S. East Coast, especially affecting the Port of Baltimore. With MSC, the world’s largest ocean carrier, redirecting Baltimore-bound cargo to alternate ports, the logistics sector anticipates […]